For most people, there will come a day when you find you need to sell your current home. As a homeowner in the Philadelphia area, you have a few options when it comes to selling your home. Aside from the “for sale by owner” route, which should only be undertaken by those who are experienced in this field, selling to a buyer through a real estate agent or selling to a real estate investor will be your two main options. There are critical differences involved in these two selling decisions that you should be aware of, and which option is best for you will depend on your situation.
Differences in What You Pay and Receive and the Certainty of the Sale
When selling your home through a real estate agent, you pay a number of fees. These include the commission to the realtor and closing costs. You also face the possibility of the sale falling through depending on whether the home passes an inspection that the potential buyer will have done on the property and whether or not the buyer’s financing comes through.
With a real estate investor, they make a cash offer, so there’s no risk of the sale falling through due to inspection, appraisal or financing reasons. You also pay no fees by going the investor route. The downside of selling to an investor is that they are looking to make money from reselling Philadelphia investment properties. This means they can only offer below market value prices for properties, so they can be confident of being able to resell it for a profit.
Are You a Motivated Seller?
Overall, you will probably make less by going the investor route. There are fees when selling to a private owner through a real estate agent, but you take the time to list your home on the market in order to get the best price possible. This is in addition to the knowledge and other assets a Realtor brings to the table in all aspects of selling a home in order to get you the best price possible.
The main question for you is whether you have the time to keep your house on the market for possibly many months to get the best price you can for it. If you find you are a motivated seller, this may not be an option. Perhaps you have a new job starting in another city, and you need to turn over your house quickly, or maybe you have suffered tragedy, and a deceased loved one’s home needs to be liquidated quickly to divide up an estate among heirs. There are many reasons you may be in a hurry to unload a home, and this may make the investor route the best option since it is much faster.
For Those Times When the Real Estate Investor Option Is Right for You
If you find you need to make quick cash from your Philadelphia area property, you’ll be happy to know there is a solution for your dilemma. At Walnut Hill Investing, we buy houses in Philadelphia. With us, you can sell your home fast, and we will take it as-is, so you don’t have to worry about repairs, inspections or appraisals. Our Philadelphia real estate investing company is here to answer any questions you have and offer the cash you need.